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Rubicon Technology to make majority investment in New Zealand software company

Rubicon Technology Partners agreed to make a majority investment in Cin7, a New Zealand-based provider of cloud-based inventory management software and point-of-sale solutions.

Cin7 will use the investment's proceeds to speed up its global growth by launching or improving products, expanding its sales network and investing in customers.

New Zealand's Overseas Investment Office will need to approve the investment, terms of which were not disclosed.

U.S.-based Rubicon Technology Partners is a private equity firm that exclusively invests in enterprise software companies.